The Journal Entry to Record $300,000 of Bonds That Were

Multiple Choice

The journal entry to record $300,000 of bonds that were issued at 95 would be to:

A) debit Cash,$300,000;credit Bonds payable,$285,000;credit Premium on bonds payable,$15,000.
B) debit Cash,$285,000;credit Bonds payable,$285,000.
C) debit Cash,$300,000;credit Bonds payable,$300,000.
D) debit Cash,$285,000;debit Discount on bonds payable,$15,000;credit Bonds payable,$300,000.